Company Number: 14548859

Analysis Date: 2025-07-20 12:12 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net assets as of the most recent financial year end (2024), indicating potential solvency issues. The liabilities exceed current assets by £290, which is a material concern given the company’s micro-entity status and limited resource base.

2. Key Concerns:

• Solvency Risk: Negative net assets and net current assets position (£-290) in latest accounts signal inability to cover short-term liabilities from current assets.
• Operational Viability: The company is classified as dormant, with minimal financial activity, and employs only one person (the director), raising questions about operational scale and sustainability.
• Financial Transparency: Accounts are unaudited and prepared under micro-entity exemptions with limited disclosures, restricting the ability to fully assess financial health or cash flows.

3. Positive Indicators:

• Compliance: The company is up to date with filings (accounts and confirmation statement) and is not overdue, indicating adherence to regulatory requirements.
• Ownership and Control: A single shareholder/director with full voting rights provides clear governance structure and decision-making authority, which can be positive for swift management actions.
• Industry Classification: Operating in IT consultancy (SIC 62020) suggests potential for scalable growth if business activity increases.

4. Due Diligence Notes:

• Investigate the nature of the £300 current liabilities—are these trade creditors, loans, or other obligations?
• Clarify why the company is dormant yet reporting liabilities and whether there is any ongoing operational activity generating revenues or cash inflows.
• Review director’s plans or capital injections intended to restore positive net assets and fund operations.
• Verify whether the director or related parties have provided financial support to cover negative working capital.
• Assess the company’s business model, pipeline, and prospects given the IT consultancy sector context.